The short term target was hit today, and that can hold as a bottom for now. Next, I expect some sideways trading with possible re-tests of near today's low.
A small bounce back to approximately $35 is the next short term target. However, it would be smart to be cautious as according to my patterns a much larger decline is nearing. The main Red trendline was breached today for the first time, and that is a warning of a large plunge approaching for Silver.